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Despite Expectations of More Growth,
Fed Kept Neutral Stance in February

An Interactive Journal News Roundup

Updated April 2, 1998 4:30 p.m. ET

Though some Federal Reserve officials believed the U.S. would show continued solid growth in the near-term, the central bank's policy-making arm voted unanimously in February to maintain its neutral stance on monetary policy.

Members of the Federal Open Market Committee said that despite rising labor costs, inflation would stay under control in the near term, according to meeting minutes released Thursday.